25.02.2025 18:12
The founder and former CEO of the cryptocurrency exchange Binance, Changpeng Zhao (CZ), expressed his optimistic view on Bitcoin despite the current downturn in the crypto market on the X platform. The popular figure in the crypto world highlighted the gains Bitcoin has made over the past year, rising from $54,000 to $89,214. CZ urged his followers to focus on the bigger picture with a broader perspective.
While significant crashes in the cryptocurrency markets raise concerns, one of the industry's most recognized figures, CZ, interprets the situation differently. Despite the 8% drop in Bitcoin, the former Binance CEO prefers to analyze the market from a long-term perspective, emphasizing that today's values are still quite high compared to prices from a year ago.
Message from CZ: Focus on the Big Picture
Changpeng Zhao shared an important message by quoting a post from a crypto enthusiast on the X platform (formerly known as Twitter). A crypto investor argued that panicking amid the current market downturn is unnecessary, reminding everyone of cryptocurrency values from a year ago.
According to the user's post, last year Bitcoin (BTC) was at $54,000, and despite the 8% drop today, it is trading at $89,214. Similarly, BNB rose from $401 to $610, and Solana (SOL) increased from $109 to $140.89. However, Ethereum (ETH) remains outside this positive picture, having dropped from $3,178 last year to $2,424 currently.
CZ quoted this comparative analysis and simply added microscope and telescope emojis. This simple yet meaningful response illustrates to crypto investors the scale at which they should view the market. The microscope symbolizes focusing on daily fluctuations, while the telescope represents seeing the long-term big picture.
The former Binance CEO has frequently made statements supporting long-term cryptocurrency investment. CZ's messages of this kind remind investors to remain calm, especially during volatile market periods.